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WonderFi Technologies Inc. (T:WNDR)

Business Focus: Blockchain & Cryptocurrency (NEC)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: Suite 2200, 885 West Georgia St.
VANCOUVER BC V6C 3E8
Tel: N/A
Website: https://www.wonder.fi
IR: See website
Key People
Dean Skurka
Chief Executive Officer, Director
Gordon Brocklehurst
Chief Financial Officer
Cong Ly
Chief Technology Officer
Torstein Braaten
Chief Compliance Officer
Adam Garetson
General Counsel, Company Secretary, Chief Legal Officer
 
Business Overview
WonderFi Technologies Inc. (WonderFi) is a Canada-based technology company. The Company provides access to decentralized and regulated centralized crypto platforms. Its products include Bitbuy, Coinberry, and UniiFi. Bitbuy is a regulated cryptocurrency company catering to advanced trader, institutions and corporate client. Bitbuy offers its platform for bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Polkadot (DOT), Cardano (ADA), and other cryptocurrencies. Coinberry is a crypto trading platform catering to crypto beginners and retail traders. The Company's UniiFi allows decentralized access to the emerging decentralized finance (Defi) space. It is engaged in developing and commercializing blockchain-based business and consumer solutions, with a focus on infrastructure for digital assets and non-fungible tokens (NFTs).
Financial Overview
For the fiscal year ended 31 December 2023, Wonderfi Technologies Inc revenues increased from C$9.1M to C$28.3M. Net loss decreased 90% to C$16.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Professional and consulting fees decrease of 68% to C$5.2M (expense), Changes in fair value of investments increase from C$1.4M (expense) to C$8.5M (income).
Reporting Currency: Canadian Dollars
Enterprise value: $136.77M as of Dec 31, 2023
Annual revenue (TTM): $28.28M as of Dec 31, 2023
EBITDA (TTM): -$9.50M as of Dec 31, 2023
Net annual income (TTM): -$16.69M as of Dec 31, 2023
Free cash flow (TTM): -$18.14M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 651,507,804 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization